Shares of MGIC Investment Corp. (NYSE:MTG) ended Friday session in green amid volatile trading. The shares closed up +0.08 points or 0.99% at $8.19 with 3,038,946 shares getting traded. Post opening the session at $8.15, the shares hit an intraday low of $8.10 and an intraday high of $8.23 and the price vacillated in this range throughout the day. The company has a market cap of $2.82 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
On Aug. 29, 2016 Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (MTG), mourns the loss of William H. Lacy, retired chairman and chief executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
“It is with great sadness that we announce the passing of my friend and colleague, Bill Lacy. His thoughtful leadership saw MGIC through tremendous changes, and helped shape the company into the industry leader that it remains to this day. On behalf of our Board of Directors, executive management team and employees, we mourn his loss and extend our deepest sympathies to his family.”
Mr. Lacy’s distinguished career with MGIC spanned 28 years, and he was admired and respected for his tenacity and drive. He was appointed president and CEO in 1987. Under his leadership, MGIC emphasized quality underwriting and outstanding customer service which resulted in strong growth in sales and long-term profits.
Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Friday session in green amid volatile trading. The shares closed up +0.28 points or 0.42% at $67.49 with 13,720,662 shares getting traded. Post opening the session at $67.40, the shares hit an intraday low of $66.98 and an intraday high of $67.57 and the price vacillated in this range throughout the day. The company has a market cap of $244.79 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
On August 30, 2016 JPMorgan Chase & Co. will donate up to $200,000 from the firm and its employees to support earthquake relief efforts in Italy, the firm announced. The grant and employee donations will go to the Italian Red Cross.
“We stand shoulder to shoulder with the Italian communities that have suffered significant loss of life and devastating damage,” said Guido Nola, Senior Country Officer for Italy, J.P. Morgan, which has about 160 employees in the country. “J.P. Morgan has a 100 year history in Italy, and we are deeply committed to supporting the Italian Red Cross’ relief efforts in this dramatic moment for the regions hit by the earthquake and the whole country.”
In addition to a $100,000 grant, JPMorgan Chase’s special employee giving campaign will match employee donations dollar-for-dollar up to $50,000, for a total of up to $100,000, to the Italian Red Cross.
The Italian Red Cross will use the funding to support search and rescue teams and establish mobile kitchens for people forced to leave their homes.